Review of Session: Another rally in Equities on lighter volume as we head into the Holiday weekend.
Next Session: For Thursday we have some inflation data during the session. The volume will be lighter most likely.
From the Quicksheet: $BILI is a new name to watch. They just returned to a composite HVN area and closed back above to potentially end the down move and establish a range via a short-term rally. There is a high volume node above at $68 that is the likely target. Suppose you wanted to create an idea from this…
|OPPORTUNITY?||Move back to $68 or higher over the next several sessions|
|IDEA?||Long BILI stock or put credit spread|
|RISK?||Trade below 43.15|
|HOW WILL I KNOW THAT I’M RIGHT?||The high volume node at $45 continues to hold and the auction progresses back to $68|
|HOW WILL I KNOW THAT I’M WRONG?||Trade below 43.15|
TO FIND OTHER IDEAS LIKE THIS: